Lockport, LA., August 31, 2006 - Bollinger Shipyards,
Inc., Lockport, La., has announced the promotion of Craig Roussel to vice
president and chief administrative officer of the South Louisiana based
shipbuilding and repair company. As vice president and chief administrative
officer, Roussel will now assume overall responsibility for human resources and
safety operations. In addition, Roussel will retain his current responsibilities
which include state and local government relations, environmental services,
emergency preparedness and corporate security. Roussel joined Bollinger in 1998.
In his tenure with the company Roussel served in progression as director of
business development, vice president of procurement, vice president of high
speed vessels and as vice president of corporate operations since
2005.

The
announcement was made by Mike Ellis, Bollinger executive vice-president and
chief operating officer, who said, "Craig's leadership ability and operational
experience make an excellent fit for this new position."

Bollinger Shipyards, Inc., is the foremost provider of marine repair and
conversion services and a leading provider of new construction services to the
energy, commercial and government marine markets in the Gulf of Mexico region.
Family owned and operated since 1946, the company specializes in the repair,
conversion and new construction of a wide variety of small to medium-sized
offshore and inland vessels.